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China's telecom sector sees steady expansion in 2023

0 Comment(s)Print E-mail Xinhua, January 27, 2024
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A child interacts with a robot at the China International Big Data Industry Expo 2023 in Guiyang, southwest China's Guizhou Province, May 26, 2023. [Photo/Xinhua]

China's telecommunication industry logged steady expansion in 2023, driven by emerging businesses, official data showed.

The combined business revenue of firms in the sector totaled 1.68 trillion yuan (about $236 billion) last year, rising 6.2% year on year, according to the Ministry of Industry and Information Technology.

Emerging sectors such as big data, cloud computing, and the Internet of Things continued to post strong performances, with total revenue climbing 19.1% year on year in 2023.

Specifically, revenue from cloud computing and big data both surged 37.5% year on year while revenue from the Internet of Things increased 20.3% compared to the 2022 level.

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